Category Archives: Rock Anchors

Developer taps into demand created by Triangle’s growing senior population

DAVID BRACKENRALEIGH

With the Triangle’s job market proving itself to be among the best in the country in recent years, this region has been adding new residents at a faster rate than all but a handful of other metropolitan areas.

That population growth is driving demand for all sorts of real estate. An influx of millennials is helping fuel the apartment construction boom, while the single-family market has been buoyed by established families moving here in search of better-paying jobs.

Another area that is likely to benefit in the coming years is senior living communities, as older parents relocate to the Triangle to be closer to their children and grandchildren.